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AI & Enterprise

DeepSeek halts second fundraising after leak of founder\'s private remarks

China AI company DeepSeek has temporarily halted its second fundraising round after private remarks by founder Liang Wenfeng spread outside the company. The firm told some investors it would not proceed with contract signings for the time being, a blockchain outlet reported. DeepSeek had moved to a follow-on round only weeks after completing a first raise in June, seeking at least 10 billion yuan and valuing the company at at least 480 billion yuan.

Industry

SK $500 billion, Samsung $200 billion: global AI deals unveiled

Around a San Francisco AI summit, South Korea unveiled government-led cooperation plans between global AI companies such as Nvidia, OpenAI and Broadcom and Korean firms including Samsung Electronics, SK Group, Hyundai Motor Group and Naver. Nvidia and SK Group disclosed a partnership intent worth more than $500 billion, while Samsung and Broadcom signed an MOU worth more than $200 billion through 2030. Nvidia and Brookfield also plan a $10 billion investment in Naver.

AI & Enterprise

AMD to ship first rack-scale AI system Helios by year-end; Microsoft joins as new customer

AMD will begin shipping its first rack-scale artificial intelligence system, Helios, to customers from late this year, CNBC reported on July 20. Microsoft is joining as a new customer and plans to use Helios in its data centres for frontier model inference, customer AI workloads and Azure AI services. AMD said Helios integrates GPUs, CPUs, networking and software, and will use MI400-series GPUs and EPYC CPUs.